Fursakibao
JF-Expert Member
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In case you dont know: Out of its fleet of 40 aeroplanes, KQ Owns only 3 planes fully paid for by the carrier!
In case you dont know: Out of its fleet of 40 aeroplanes, KQ Owns only 3 planes fully paid for by the carrier!
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Fursakibao
JF-Expert Member
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Do you know what is the next step when you fail ro pay the loan in a given time?
God save us
joto la jiwe
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Chamoto
JF-Expert Member
- Dec 7, 2007
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He who owns the title owns the car, if you still pay the loan you don't own the title.
kennedy0000
JF-Expert Member
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Fursakibao
JF-Expert Member
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Just wait time will tell when you loose the Mombasa Port, unless you take another loan to cover the loan
God save us
kennedy0000
JF-Expert Member
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KQ accounts for majority of all landing or departing planes.
Airports make their money from:
1. Landing charges
2. Parking charges
3. Aircraft handling charges
4. Air navigation charges
5. Boarding charges
6. Passenger service charges
7. etc.
In short, KQ brings in the most passengers to JKIA by far. Meaning it is the single biggest source of revenue for KAA.
Out of 7+ million passengers at JKIA, KQ brings in 4 million.
kennedy0000
JF-Expert Member
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You will get old waiting.
You have been waiting for Kenya's downfall since Nyerere's time.
Fursakibao
JF-Expert Member
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You fall you raise that has nothing to do with me.
God save us
God save us
joto la jiwe
JF-Expert Member
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Evidence please, any body can bring those statistics, give evidence to show how much revenue(Money) KQ makes vs JKIA per year. We need evidence from officials, not from your head
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kennedy0000
JF-Expert Member
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The last evidence I gave you from Museveni and Uhuru's meeting, you rubbished it.
You are never interested in any evidence that proves you wrong.
I'm not going to waste my time. You also have Google and can search for yourself.
joto la jiwe
JF-Expert Member
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I accepted that, thank you for that evidence, because the discussion continues, you will be required to provide evidence in every point which you bring here, this is our culture here at JF. Do not get tired or be offended whenever you are asked to produce evidence. Please if you have evidence I humbly request you to give us.
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- Thread starter
- #73
Let me first apologize for any problems you may encounter in understanding this post because it is rather long and my mobile fone is not ok.
I don't want to make any judgment about "Kennedy0000" level of understanding but my brother, it's a pity that you easily buy into flimsy justifications regarding the proposed acquisition of the KAA by the KQ.
Now in a hopefully last ditch effort, let me address your justifications and educate you along the way as follows:
1. The fact that the KQ brings many passengers to the KAA/JKIA is not a justification for the former's acquisition of the operations of the latter. There are varied suppliers in the travel supply chain. If you justify bringing many passengers as the basis for the KQ to acquire the JKIA operations then, in the same vein, the KQ would be justified to acquire operations of the taxi companies operating from the JKIA, Travel Agencies/Tour Operators or even Hotels heavily relying on the KQ clients.
2. I said before that using Ethiopian Airlines (ET)'s acquisition of Bole Airport as justification does not carry weight. The ET acquired Bole only in 2016/2017. Therefore, associating the ET's successes with the Bole acquisition is far fetched. We may need a separate thread here to talk about the reasons behind the successes of the ET which to me is the real "Pride of Africa". The reference to the Emirates which you gave is intricate to emulate because the owner of the company operating the airport is an influential person in the UAE government and since the state owns the airline it becomes easy to conflate the status of the Airline vis-a-vis the Airport operations. Using the Emirates/Dubai as an example for the proposed KQ/KAA merger to emulate is misleading.
2. London Heathrow is not operated by British Airways. Heathrow Airport Holdings Limited is owned by different shareholders from within and out of the UK. This is the same case with the French Charles De Gaulle, JFK and others whose countries' national carriers are successful. In the same vein, the KQ could be a shareholder in the KAA/JKIA holding company operations or any company involved in the Kenyan travel supply chain.
Airline operations (such as KQ) are susceptible to corruption as compared to other businesses (such as the KAA) because of the intricacies associated with the nature of the transactions involved, mostly international. Therefore, to allude to what I said in an earlier post, the proposed acquisition has hallmarks of a ploy whereby the KAA/JKIA profits will feed into and sustain the KQ's survival whilst the culprits continue to drain the carrier through grand corruption.
- Thread starter
- #74
".......Kenyans have of late become suspicious of any opaque deal that is without clear value addition to the economy or their lives. They are even more suspicious when they see expatriate executives of both KAA and KQ jointly crafting a deal in the name of Kenya. The public are yet to hear a Kenyan leader explain this deal to them....
....My judgment is that the KQ/KAA deal is a major experiment laden with potential risks like outright business model failure and loopholes for corruption..
...The fact that other Middle East countries have used this business model is no justification for Kenya to copy it. Kenya is by no means in the league of these nations which are backed by huge sovereign funds...."
Source:
Why KQ, KAA deal is not making any business sense
kennedy0000
JF-Expert Member
- Apr 14, 2012
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1. KQ is competing with airlines with unlimited oil money. And a very opaque Ethiopia who for all intense and purposes might be pumping government money to keep ET afloat.
KQ needs every support it can get, especially if the others are already doing it like running an airline.
What we can't afford is more government money being diverted to KQ.
2. KQ is not merging with KAA.
KAA will still exist and continue running the other airports, while KQ takes over JKIA.
Ethiopian and the gulf airlines have access to airport money, on top of government funds and/or oil money. KQ cannot compete without either.
3. As you mention, Heathrow is also privately operated. So nothing new here. Majority of those saying JKIA cannot go private don't even know this.
Just the main airport operations, not running taxi and tour cabs as you say.
4. Kenya is corrupt everywhere. But there is no doubt most corruption happens in government agencies. KQ being a public listed company has a higher chance of being accountable.
There are influential shareholders (big banks), pressuring for accountability with their money.
eliakeem
JF-Expert Member
- May 29, 2009
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Do you understand the meaning of foreclosure?
joto la jiwe
JF-Expert Member
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Can you produce evidence to support your point that ET and Gulf airlines do get airports money?, why do you argue like a village person?, I am very much sure that you don't know how these airlines are operated. Stop posting things which you are not sure with, even SAA is owned by Government of South Africa, but doesn't mean that it uses airport money.
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